AgriStability protects producers from large declines in their farming income caused by production loss, increased costs or market conditions.
Your allowable income and expenses for all the commodities you produce are used to calculate your margins, protecting the income of your whole farm.
New for 2020
AgriStability Cash Reference Margin pilot aims to reduce paperwork
The federal and provincial governments have created an AgriStability pilot to help producers participate in the program by reducing the amount of information they need to provide.
Producers who file their taxes on the cash basis can have their reference margin based on the cash income and expenses they report for income tax purposes, with no accrual adjustments. This pilot will allow them to align their reference margin with their tax filing method.
To participate in the Cash Reference Margin pilot, download the consent form and send a signed copy to Agricorp by March 31, 2021.
Read more in Cash Reference Margin pilot aims to reduce AgriStability paperwork.
The government has extended the deadline to enrol and pay the fee for AgriStability from April 30 to July 3, 2020. This gives farmers more time and flexibility to make business decisions and assess their program coverage needs, especially while dealing with the challenges of the COVID-19 pandemic.
Learn more in More time to consider AgriStability.
Interim payments of 75 per cent now available for AgriStability
Ontario farmers who apply for a 2020 AgriStability interim payment will now receive 75 per cent of their estimated final payment, the Ontario government has announced.
Previously, farmers could only receive 50 per cent of their estimated final AgriStability payment.
Read more in New: Interim payments of 75 per cent now available for AgriStability.
Do you have private income insurance?
To increase the potential for AgriStability payments, private insurance indemnity payments will be excluded from calculating a participant's program year margin. How Production Insurance is treated remains unchanged.
Private insurance refers to third-party, producer-funded coverage for revenue losses of allowable commodities. Private insurance does not refer to Production Insurance or non-agricultural insurance coverage, such as property insurance.
For more information, see the AgriStability program guidelines or call Agricorp.
Your AgriStability Protection
Why include AgriStability in your business risk management plans?
AgriStability is an important part of a comprehensive suite of programs. AgriStability protects you from large declines in your farming income caused by production loss, increased costs or market conditions.
AgriStability is part of the suite of programs established under the Canadian Agricultural Partnership agreement on agricultural policy. The costs of AgriStability are shared by the federal and provincial governments on a 60:40 basis. In Ontario, AgriStability is delivered by Agricorp.